Ternium SA (TX) Stake Lowered by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. trimmed its position in shares of Ternium SA (NYSE:TX) by 52.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,386 shares of the basic materials company’s stock after selling 98,855 shares during the period. Deprince Race & Zollo Inc.’s holdings in Ternium were worth $2,677,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in TX. Schwab Charles Investment Management Inc. grew its stake in Ternium by 3.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 86,893 shares of the basic materials company’s stock valued at $2,824,000 after acquiring an additional 3,036 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Ternium by 68.7% during the first quarter. PNC Financial Services Group Inc. now owns 3,412 shares of the basic materials company’s stock valued at $111,000 after acquiring an additional 1,389 shares in the last quarter. Stifel Financial Corp grew its stake in Ternium by 7.0% during the first quarter. Stifel Financial Corp now owns 22,256 shares of the basic materials company’s stock valued at $729,000 after acquiring an additional 1,452 shares in the last quarter. Commonwealth Equity Services LLC purchased a new position in Ternium during the first quarter valued at $261,000. Finally, Amundi Pioneer Asset Management Inc. grew its stake in Ternium by 12.5% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 351,830 shares of the basic materials company’s stock valued at $11,431,000 after acquiring an additional 39,000 shares in the last quarter. Hedge funds and other institutional investors own 17.81% of the company’s stock.

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TX has been the subject of several research analyst reports. Bank of America reaffirmed an “underperform” rating and set a $32.00 target price on shares of Ternium in a research note on Thursday, August 16th. ValuEngine cut shares of Ternium from a “sell” rating to a “strong sell” rating in a research note on Friday, August 17th. Finally, Zacks Investment Research cut shares of Ternium from a “buy” rating to a “hold” rating in a research note on Sunday, July 15th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $40.67.

TX opened at $31.50 on Thursday. The firm has a market cap of $6.07 billion, a P/E ratio of 6.94, a P/E/G ratio of 0.58 and a beta of 1.14. Ternium SA has a fifty-two week low of $25.52 and a fifty-two week high of $42.43. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.60 and a quick ratio of 0.67.

Ternium (NYSE:TX) last issued its quarterly earnings data on Tuesday, July 31st. The basic materials company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.83 by ($0.13). Ternium had a return on equity of 17.93% and a net margin of 9.42%. The business had revenue of $3.13 billion during the quarter. As a group, research analysts predict that Ternium SA will post 6.67 EPS for the current year.

Ternium Profile

Ternium SA, through its subsidiaries, manufactures and processes various steel products in Mexico, Argentina, Paraguay, Chile, Bolivia, Uruguay, Brazil, the United States, Colombia, Guatemala, Costa Rica, Honduras, El Salvador, and Nicaragua. It operates in two segments, Steel and Mining. The Steel segment offers steel products, including slabs, billets and round bars, hot-rolled coils and sheets, bars and stirrups, wire rods, cold-rolled coils and sheets, tin plates, hot dipped galvanized and electrogalvanized sheets and pre-painted sheets, steel pipes and tubular products, beams, and roll formed products, as well as other products, such as pig iron.